FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.22 and traded as high as $10.55. FreightCar America shares last traded at $10.21, with a volume of 327,414 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of FreightCar America from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th.
Check Out Our Latest Stock Report on FreightCar America
FreightCar America Price Performance
The stock's 50 day moving average is $10.63 and its 200-day moving average is $8.25. The company has a market capitalization of $192.91 million, a P/E ratio of -2.41 and a beta of 1.96.
Insider Transactions at FreightCar America
In related news, Director James R. Meyer purchased 23,400 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of $10.74 per share, with a total value of $251,316.00. Following the transaction, the director now directly owns 838,278 shares in the company, valued at $9,003,105.72. This trade represents a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 28.00% of the company's stock.
Institutional Trading of FreightCar America
Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in FreightCar America by 12.4% in the 3rd quarter. Geode Capital Management LLC now owns 180,618 shares of the transportation company's stock worth $1,950,000 after purchasing an additional 19,890 shares during the period. Renaissance Technologies LLC grew its holdings in shares of FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company's stock worth $408,000 after acquiring an additional 35,387 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of FreightCar America in the third quarter worth $1,067,000. Walleye Capital LLC purchased a new stake in FreightCar America during the third quarter valued at $813,000. Finally, State Street Corp lifted its holdings in FreightCar America by 21.6% in the third quarter. State Street Corp now owns 53,958 shares of the transportation company's stock valued at $582,000 after acquiring an additional 9,600 shares during the period. 31.96% of the stock is currently owned by hedge funds and other institutional investors.
About FreightCar America
(
Get Free Report)
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
Further Reading
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